Mortgage News
Jan 22, 2020
Mortgage rates are back down to the long-term lows that began late Q3 2019. Believe it or not, similarly to 2003 with SARS outbreak in China, the new coronavirus has had an impact on the market, stocks and bonds.Rates are now close to the bottom of the range...not much room for improvement and highly unlikely to break lower. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 3.67% (-0.03%)• 15-year (...
Jan 20, 2020
The long term mortgage rate lows are creeping back up slightly. Over the last couple of days rates have increased around strong economic data which has pushed investors into riskier assets like stocks. However, borrowers can still find, on average, ...
Jan 16, 2020
This week had higher expectations for volatility in the market, with the signing of the US/China "phase 1" trade deal and the announcement that Pelosi is moving the impeachment into the senate. Fortunately, mortgage rates have come through this week unscathed. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 3.68% (+0.01%)• 15-year (FRM) rates at 3.29% (0.00%)• FHA 3...
Jan 14, 2020
Mortgage rates have not moved much, since early October, 2019. There is not much of a gap between the highs now and the lows then. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 3.70% (-0.01%)• 15-year (FRM) rates at 3.34% (-0.01%)• FHA 30-year Fixed rates at 3.32% (-0.01%)• Jumbo 30-year Fixed rates at 3.78% (-0.01%)• 5/1 ARM rates at 3.40% (-0.05%)...
Jan 10, 2020
NAR released a new survey indicating Americans say this is the best time to buy a home. This home buying survey mimics a similar survey put out by NHS. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 3.75% (+0.04%)• 15-year (FRM) rates at 3.38% (+0.03%)• FHA 30-year Fixed rates at 3.35% (+0.02%)• Jumbo 30-year Fixed rates at 3.83% (+0.04%)• 5/1 ARM rates a...
Jan 08, 2020
Mortgage rates held firm through closing bell, Tuesday. This allowed rates to keep their "lowest levels in more than a moth" title. The events in the coming days and weeks ahead will most likely be the determining factors. The fact that mortgage rates have not improved, could be taken as a sign of resistance in the underlying bond market. Bookmark this page for mortgage rates: • 30-year (FRM)...
Jan 03, 2020
Mortgage rates continue to fall and have been doing so for the last couple of weeks. Rates are now at the lowest levels in one month. Still at a historical low, on average lenders are offering under 4 percent. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 3.73% (-0.01%)• 15-year (FRM) rates at 3.37% (-0.01%)• FHA 30-year Fixed rates at 3.37% (-0.01%)• Jumbo 30-year ...
Jan 02, 2020
2 days into 2020, mortgage rates are down slightly; although trading is not yet back to the norm, even though bonds are fully open today and Friday. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 3.76% (-0.05%)• 15-year (FRM) rates at 3.41% (-0.04%)• FHA 30-year Fixed rates at 3.38% (-0.02%)• Jumbo 30-year Fixed rates at 3.85% (-0.04%)• 5/1 ARM rates at 3...
Dec 31, 2019
On NYE, the bonds market closes early. On NYD bonds market is closed for the day. This is a good sign that mortgage rates have officially made it through the remainder of the year without breaking the range. ...
Dec 27, 2019
As the year 2019 winds down, there have been no major changes as volume this week, and liquidity will remain light as trading momentum is sporadic and unpredictable. Bookmark this page for mortgage rates: • 30-year (FRM) rates at 3.801% (-0.02%)• 15-year (FRM) rates at 3.44% (-0.02%)• FHA 30-year Fixed rates at 3.40% (-0.02%)• Jumbo 30-year Fixed rates at 3.88% (-0.02%)...
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